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  • About Us
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    • Private Limited Company
    • Form up a LLP
    • One Person Company
    • Register Your Start-up
    • Partnership Firm
    • Shop & Establishment Reg
  • Registrations
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    • GEM Registration
    • ISO registration
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    • Public Performance Lic
    • Import Export Code - IEC
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    • Trademark Objection Reply
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  • Secretarial Compliances
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Overview

A Guide to IMPORT EXPORT CODE "IEC"

Consequent upon introduction of GST, IEC being issued is the same as the PAN of the firm. However, the IEC will still be separately issued by DGFT based on an application. The nature of the firm obtaining an IEC may be any of the follows- Proprietorship, Partnership, LLP, Limited Company, Trust, HUF, and Society.


IEC is compulsory for import. However, certain categories of importers are exempted from obtaining IEC.


Application for obtaining IEC Number in made online at DGFT website in the prescribed form. 


The fee for new IEC or amendment in existing IEC is ₹ 500/-. 


IEC code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.


The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. 


For exporters, IE Code must be quoted while sending shipments and banks require the exporters IE Code while receiving money from abroad. 

About

An Importer -Exporter Code (IEC) is a key business identification number which mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC unless specifically exempted. For services exports however, IEC shall be not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.

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Features

1. Access to International Market

IEC is a mandatory requirement to import or export from India


2. It is Similar to PAN Card

IEC code is a Identification Number for Importer-exporter and it is same as the PAN number of the entity. 


3. Export Benefits

Government provides various export incentives and benefits for exporting from India. You can claim the refund of various taxes paid while exporting the goods. 


4. Least Documentation Required

The documents required for getting IEC is least as compared to getting other licenses and the process is online and simple. 


5. One Time and Simple Process – No Renewal Required

It is issued by DGFT for the lifetime, there is no need of renewal. 


6. No Periodical or Annual Compliances. 

There is no need of filing any periodical returns and there is not any annual compliance need to done. 

Frequently Asked Questions

Please reach us at info@yourlegalexpert.in if you cannot find an answer to your question.

a) Valid Digital Signatures Token 

b) Valid PAN 

c) Valid Mobile Number and Email ID. 

d) Valid Address Details of Branch Office 

e) Valid Bank Account in the name of IEC Holder 

f) Valid Aadhar Card matching the details with PAN Card


If all the documents provided by you are correct and complete then you can expect your certificate within 24 hours to 48 hours.


Scanned Documents for Upload in the System (PDF Only and Max file size of 5 MB). 


a) Proof of establishment/incorporation/registration. 

i. Partnership

ii. Registered Society 

iii. Trust 

iv. HUF

v. Others 


b) Proof of Address can be any one of the following documents: 

i. Sale Deed, Rent agreement, lease deed, electricity bill, telephone land line bill, mobile, postpaid bill, MoU, Partnership deed 

ii. Other acceptable documents (for proprietorship only):Aadhar card, passport, voter id 

iii. In case the address proof is not in the name of the applicant firm, a no objection certificate (NOC) by the firm premises owner in favor of the firm along with the address proof is to be submitted as a single PDF document. 


c) Proof of Firm’s Bank Account

i. Cancelled Cheque 

ii. Bank certificate 


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